GENERAL (Tables)

6 Months Ended

Sep. 26, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

A summary of changes in the Company’s allowance for credit losses is as follows (amounts in thousands):


	Six Months Ended
	September 26, 2026		September 27, 2025

Allowance for Credit Losses, Beginning Balance	$	(851)	$	(659)
Provision for Credit Losses	(206)		(270)
Other (a)	(51)		(25)
Write-offs, net of Recoveries	120		168
Effect of Foreign Exchange on Allowance for Credit losses	2		(3)
Allowance for Credit Losses, Ending Balance	$	(986)	$	(789)
(a) Represents allowance for credit losses on acquired accounts receivable

Schedule of Goodwill

A summary of changes in the Company’s goodwill is as follows (amounts in thousands):


	Goodwill
	Distribution		Service		Total
Net Book Value as of March 28, 2026	$	59,999	$	158,186	$	218,185
Additions	5,101		10,958		16,059
Measurement Period Adjustments	(33)		(77)		(110)
Currency Translation Adjustments	(21)		(152)		(173)
Net Book Value as of September 26, 2026	$	65,046	$	168,915	$	233,961

Schedule of Intangible Assets

The gross carrying amount and accumulated amortization of Transcat's acquired identifiable intangible assets as of September 26, 2026 were as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Total
Customer Base	$	127,874	$	(52,992)	$	74,882
Covenant not to Compete	3,606		(3,417)		189
Tradenames/Trademarks	6,740		(2,039)		4,701
Other	905		(888)		17
Intangible Assets, net	$	139,125	$	(59,336)	$	79,789

The gross carrying amount and accumulated amortization of Transcat's acquired identifiable intangible assets as of March 28, 2026 were as follows (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Total
Customer Base	$	118,844	$	(46,859)	$	71,985
Covenant not to Compete	3,611		(3,258)		353
Tradenames/Trademarks	6,740		(1,396)		5,344
Other	905		(881)		24
Intangible Assets, net	$	130,100	$	(52,394)	$	77,706

Schedule of Amortization Expense Relating to Intangible Assets

Amortization expense relating to intangible assets is expected to be (amounts in thousands):


Fiscal Year	Amount
Six months remaining in 2027	$	6,884
2028	12,516
2029	11,026
2030	9,642
2031	8,246
Thereafter	31,475
Total	$	79,789

Schedule of Other Current and Non-Current Liabilities

A summary of other current and non-current liabilities is as follows (amounts in thousands):


	(Unaudited)		(Audited)
	September 26, 2026		March 28, 2026
Current Liabilities:
Accrued Payroll and Employee Benefits	$	6,661	$	5,938
Accrued Incentives	2,730		5,534
Current Portion of Lease Liabilities - Operating	4,249		4,107
Current Portion of Lease Liabilities - Financing	432		270
Accrued Acquisition Holdbacks	911		2,247
Accrued Sales Tax	634		609
Other Current Liabilities	2,153		2,992
Accrued Compensation and Other Current Liabilities	$	17,770	$	21,697

Non-Current Liabilities:
Postretirement Benefit Obligation	$	1,168	$	1,188
Other Liabilities	$	1,168	$	1,188

Schedule of Disaggregated Revenue

The following table presents a summary of the Company's net sales by revenue recognition method as a percentage of total net sales:


	% of Total Net Sales				% of Total Net Sales
	Three Months Ended				Six Months Ended
	September 26, 2026		September 27, 2025		September 26, 2026		September 27, 2025
Point-in-Time	81.7	%	86.0	%	84.3	%	86.6	%
Over Time - Output Method	18.3	%	14.0	%	15.7	%	13.4	%
Total	100.0	%	100.0	%	100.0	%	100.0	%

Schedule of Computation of Basic and Diluted Earnings Per Share

The average shares outstanding used to compute basic and diluted earnings per share are as follows (amounts in thousands):


	Second Quarter Ended		Six Months Ended
	September 26, 2026	September 27, 2025	September 26, 2026	September 27, 2025
Average Shares Outstanding – Basic	9,390	9,321	9,361	9,319
Effect of Dilutive Common Stock Equivalents	157	78	109	73
Average Shares Outstanding – Diluted	9,547	9,399	9,470	9,392
Anti-dilutive Common Stock Securities	55	110	19	124